15

days to setup your BVI Company + Singapore bank account

The Futurebooks difference:

Guaranteed account opening with a major Singapore bank
Electronic documentation and e-signatures
BVI Companies Act expertise – preference shares, buybacks

What you need to know about British Virgin Islands incorporation

The ease of administration of BVI companies, coupled with the stability of having an internet banking enabled account with one of Singapore’s major banks. Banks here are comfortable with BVI companies, and Futurebooks ensures that you are well prepared for the initial KYC process.

Companies are required to maintain their transactional documents such as invoices, expense receipts and bank statements for a period of five years.
There is no company tax in BVI. There are no annual accounting and audit requirements either. This makes BVI a great jurisdiction for investment holding companies since there are no requirements to consolidate.

A BVI Company managed and controlled outside of Singapore, is considered a non-resident of Singapore. Singapore’s taxation system is territorial, and only taxes income sourced or deemed sourced in Singapore. As such a BVI company is not subject to Singapore taxation or reporting, merely by its usage of a Singapore banking account.

Please do consult with us on your specific case, as the above should not be construed as general taxation advice.

Information on beneficial ownership and company financials are not required to be filed with BVI’s Registry Of Corporate Affairs. The Register Of Directors is filed with Registrar but is not available for public search.

For added privacy during the incorporation process ask for our end to end encrypted email powered by Virtru, and feel free to make payments in Bitcoin, Ethereum, Litecoin or any leading crypto currency.

The documents required for company formation are:

  • Identity and address proof documents of directors and shareholders
  • Business Profile or Certificate Of Incumbency for corporate directors or shareholders
  • Scanned documents are sufficient, and notarization is not required
  • Non-English documents would need to be translated into English.
  • Futurebooks prepares the rest of the incorporation documents for e-signatures

Once the company is formed, we purchase the Certificate Of Incumbency for the newly incorporated company. At least one director is required to visit Singapore for a bank opening meeting held at Futurebooks office. We work with all the top banks in Singapore, and have cultivated a network of relationships.

Futurebooks_BVI Incorporation_Call Us

Schedule a call

Scroll right to view more
Our services Fees (US$) Timeline
The Essentials
   
Incorporation of Company Limited By Shares 

  • Certificate of incorporation
  • Registered Agent and Address in BVI
  • Register Of Directors as required under the Business Companies (Amendment) Act  2015
  • Inclusive of all government fees
1,800
one time
5 days
after documents are received
Corporate Secretary

  • Corporate Secretary officially appointed on Registry of Corporate Affairs
  • Required add on
800
per year
Account opening with top Singapore bank

  • Internet banking enabled
  • In USD, SGD, EUR and others
  • International Visa / Mastercard
  • Purchase of Certificate Of Incumbency required by banks
1800
one time
10 days
after account opening meeting
Bank mailing address & maintenance
Banks in Singapore are required to send physical statements for corporate accounts per MAS.

  • Singapore mailing address for bank
  • Scanning of mails received
  • Assistance with annual FATCA/CRS tax declaration
800
per year
 –
Company renewal

  • Registered address in BVI
  • Registered agent in BVI
  • Government License Renewal Fees
1800
per year
 –
Add Ons
Nominee Director for Privacy

  • Corporate nominee director in BVI
  • Acts on instructions of beneficial owner
800
per year
Accounting support

  • Bookkeeping and bank reconciliation
  • Annual management reports in compliance with International Financial Reporting Standards
1,800
starts from

Schedule a call with us to know more about our BVI incorporation package.

  • International format e.g. +65 6221 2440
  • Your details are treated confidentially as per our privacy policy.
  • This field is for validation purposes and should be left unchanged.

Read more from our expert articles: Incorporation & Company secretarial, Corporate Immigration, Startups